Schwab Crypto Thematic ETF (NYSEARCA:STCE) Shares Up 0.2% – Still a Buy?

Schwab Crypto Thematic ETF (NYSEARCA:STCE) rose 0.2% during mid-day trading on Wednesday . The stock traded as high as $73.69 and last traded at $71.12. Approximately 288,211 shares changed hands during trading, an increase of 67% from the average daily volume of 172,285 shares. The stock had previously closed at $71.00.

Schwab Crypto Thematic ETF Price Performance

The firm has a market capitalization of $291.59 million, a price-to-earnings ratio of 25.00 and a beta of 2.60. The business’s fifty day simple moving average is $68.21 and its 200 day simple moving average is $70.39.

Institutional Trading of Schwab Crypto Thematic ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Spire Wealth Management boosted its holdings in Schwab Crypto Thematic ETF by 207.5% during the fourth quarter. Spire Wealth Management now owns 615 shares of the company’s stock worth $37,000 after purchasing an additional 415 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Schwab Crypto Thematic ETF in the 3rd quarter worth approximately $36,000. Coston McIsaac & Partners bought a new position in shares of Schwab Crypto Thematic ETF in the third quarter valued at approximately $41,000. AdvisorNet Financial Inc increased its position in shares of Schwab Crypto Thematic ETF by 32.6% during the third quarter. AdvisorNet Financial Inc now owns 2,658 shares of the company’s stock valued at $209,000 after acquiring an additional 654 shares during the last quarter. Finally, Wealth Management Nebraska raised its stake in shares of Schwab Crypto Thematic ETF by 9.4% during the 3rd quarter. Wealth Management Nebraska now owns 7,775 shares of the company’s stock worth $611,000 after purchasing an additional 671 shares during the period.

About Schwab Crypto Thematic ETF

The Schwab Crypto Thematic ETF (STCE) is an exchange-traded fund that is based on the The Schwab Crypto Thematic index. The fund tracks an index of globally listed companies that enable the cryptocurrency ecosystem. The fund selects and weights companies based on thematic relevance through a proprietary NLP algorithm. STCE was launched on Aug 4, 2022 and is managed by Charles Schwab.